“I do not know Peter, but he does seem to have impeccable credentials," he said. “It does seem to be a good coup, especially given the role the previous CFO played in the company. It should be good for the company over time."

Southern Cross chief executive
Rhys Holleran
said in a statement: “We are delighted to have appointed someone with Peter’s impeccable media and financial credentials to join the senior management team."